Judgement

The Tribunal sent the case back to the Assessing Officer, directing him to re-examine the claim and allow the exemption if all conditions under Section 54 are fulfilled.

Section 54 Deduction Can be Claimed Even Without Filing Original Return: ITAT

The Tribunal held that once purchases are accepted, the related expenditure cannot be treated as unexplained.

ITAT: Once purchases are accepted, the related expenditure cannot be treated as unexplained

ITAT remands commission disallowance for verification; reduces ad hoc expense disallowance from twenty to ten percent.

ITAT Remands Commission Disallowance; Section 68 Not Invocable Without Verification

ITAT Remands Commission Disallowance, Section 68 Not Invocable Without Verification

ITAT Ahmedabad deleted the Rs 11 lakh addition, holding that proper bank records and evidence of medical expenses were ignored by the CIT(A).

ITAT Quashes Rs 11 Lakh Addition Quashed Over Ignored Evidence and Genuine Medical Withdrawals

The ITAT Mumbai deleted the Rs 20,000 penalty under Section 272A(1)(d), holding that the delay caused by an email hack was a genuine reason and not a wilful default.

ITAT Deletes Section 272A(1)(d) Penalty, Accepts Email Hack as Genuine Cause for Delay

The tribunal held that the matter required fresh verification and remanded it back to the Assessing Officer for fresh examination.

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Section 54 Deduction Can be Claimed Even Without Filing Original Return: ITAT

ITAT: Once purchases are accepted, the related expenditure cannot be treated as unexplained

ITAT Remands Commission Disallowance, Section 68 Not Invocable Without Verification

ITAT Quashes Rs 11 Lakh Addition Quashed Over Ignored Evidence and Genuine Medical Withdrawals

ITAT Deletes Section 272A(1)(d) Penalty, Accepts Email Hack as Genuine Cause for Delay

ITAT Chennai Sends Case Back for Re-verification as AO Not Given Opportunity